Group Chief Financial Officer

Industry Manufacturing [Steel / Pulp & Paper]

Reports to CMD / Directors

Key Responsibilities

1. Group Financial Strategic Leadership:
   • Develop and Lead finance strategy for the entire group, aligned with long-term business goals
   • Act as strategic partner/advisor to CMD/Director on financial planning, growth initiatives, capex, diversification, and risk management
   • Standardize financial policies, controls, and governance frameworks
   • Lead financial consolidation, and reporting across all group entities
   • Drive group-level capital allocation, ROCE improvement, and cash optimization
   • Identify financial, operational, and market risks and implement mitigation strategies
2. Financial Planning, Budgeting & Control:
   • Lead annual budgets, forecasting, and long-term financial planning for all companies
   • Monitor financial performance against budgets & forecasts and drive corrective actions
   • Monitor plant-wise and product-wise profitability analysis
3. Manufacturing & Operational Finance:
   • Oversee pricing models factoring steel price fluctuations.
   • Establish cost control mechanisms for raw material & steel price volatility through pricing, contracts, and hedging mechanisms
   • Monitor project costing, WIP, billing milestones, and contract margins [Steel]
   • Monitor production cost structures including raw material, scrap, power, fuel, & steam cost, chemical consumption, and rework costs
   • Track yield, GSM variation, machine efficiency, and conversion costs per MT [Paper]
   • Strengthen internal controls, SOPs, delegation of authority
4. Treasury, Banking & Fund Management:
   • Manage group-level treasury operations, cash flow planning, and liquidity
   • Lead fund-raising activities including working capital limits, term loans, LCs, BGs, and project finance
   • Optimize working capital through inventory, receivables, and payables management
   • Maintain strong relationships with stakeholders, banks, NBFCs, and financial institutions
5. Statutory, Taxation & Compliance:
   • Ensure compliance with all applicable laws and regulations including Companies Act, GST, Income Tax, and other statutory requirements
   • Oversee statutory audits, internal audits, cost audits, and tax audits across the Group

Key Performance Indicators

• Financial performance and profitability improvement (%)
• Operating cash flow vs budget (%)
• Cost Variance %
  • Conversion cost per MT
  • Power & fuel cost per MT
  • Scrap
  • Yield loss (%)
  • Raw material cost variance (%)
• Timely filing of statutory returns (%)
• Compliance and audit outcomes

Qualifications & Experience

• Qualified Chartered Accountant (CA); MBA (Finance) preferred.
• 25+ years of progressive finance leadership experience, preferably in manufacturing.
• Strong exposure to steel fabrication and pulp & paper manufacturing industries.
• Proven experience in treasury, fund raising, working capital management, and compliance.

Key Competencies

• Strategic & analytical thinking
• Strong commercial acumen
• Stakeholder and negotiation skills
• Leadership & People Management
• High standards of integrity and governance